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    Property profile & analytics

    139 Griffith Blvd Griffith, IN 46319-2153

    • Office Properties & Spaces
    • 4,075 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US31-0418675
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Diesel Electrical Equipment Co / Railroad Equipment Supplier

    Property Details for 139 Griffith Blvd

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    4,075 SF
    Property type
    Office Properties & Spaces
    APN
    45-07-35-358-005.000-006
    APU
    450735358005000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $320,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $340,000
      Mixed-Use
      $295,000
      Hospitality
      $365,000
      Educational
      $350,000
      Residential Income
      $305,000
      Energy
      $315,000
      Income-Based Land
      $340,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Griffith
    County
    Lake
    State
    Indiana
    Longitude
    -87.4285
    Latitude
    41.5241
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,304
    $10,700
    $186,400
    $197,100
    -
    $10,700
    $186,400
    $197,100

    Comparable in this City

    • Value Estimation by Request
      77,352 SF

      300 Elgin Ave

      OFFICE (GENERAL) • 77,352 SF
      300 Elgin Ave, Griffith, IN 46319
      View Details
    • Value Estimation by Request
      83,135 SF

      600 Raymond St

      OFFICE (GENERAL) • 83,135 SF
      600 Raymond St, Griffith, IN 46319-2041
      View Details
    • Value Estimation
      $315,000
      4,200 SF

      125 Broad St

      OFFICE (GENERAL) • 4,200 SF
      125 Broad St, Griffith, IN 46319-2218
      View Details
    • Value Estimation
      $385,000
      10,142 SF

      139 Broad St

      OFFICE (GENERAL) • 10,142 SF
      139 Broad St, Griffith, IN 46319-2232
      View Details
    • Value Estimation
      $350,000
      6,555 SF

      142-144 Broad St, Unit 144

      OFFICE (GENERAL) • 6,555 SF
      142-144 Broad St, Griffith, IN 46319-2219
      View Details
    • Value Estimation
      $345,000
      5,282 SF

      346 Griffith Blvd

      OFFICE (GENERAL) • 5,282 SF
      346 Griffith Blvd, Griffith, IN 46319
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      10,142 SF

      Office Building For Rent

      Office building with TI packages available for single or multi-tenant.
      139 S Broad St, Griffith, IN 46319
      View Details
    • $1,750 /Mo
      1,200 SF

      Office Space for Rent

      Office space available for rent in Griffith, Indiana.
      112 East Ridge Rd, Griffith, IN 46319
      View Details
    • $3,500 /Mo
      5,500 SF

      Downtown Retail Space Available

      Retail space in Griffith's vibrant downtown area for rent.
      213 N Broad St, Griffith, IN 46319
      View Details
    • $11 SF/Yr
      4,880 SF

      Industrial Units in Gatlin Park

      Two 4,880 SF industrial units available for lease.
      1321-1325 Main St, Griffith, IN 46319
      View Details
    • $14 SF/Yr
      10,175 SF

      Industrial Building with Fenced Yard

      10,175 SF industrial building with office and warehouse space.
      217 S Colfax St, Griffith, IN 46319
      View Details
    • $4,200,000
      19,250 SF

      Warehouse Space Near I-80/94

      19,250 SF warehouse space with customizable layout available for rent.
      500 E Ridge Rd, Griffith, IN 46319
      View Details
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    Griffith, IN 46319-2153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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